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Over the years I’ve prepared charts, graphs, and narratives demonstrating the dramatic growth patterns, the huge economic surpluses, the wonderful bottom lines that were generated by embracing a “healing” philosophy, but those of you who have been lured by “snake oil salesmen” in your past lives are very leary that my passionate dialogue is simply that, dialogue. You have no reason to believe me when I say that improving your employee morale will improve your patient satisfaction scores. Of course it’s common sense, but if you’re too nice to your employees, they’ll think you’re a push over and they’ll take advantage of you, right? Well, after 22 years of niceness, the one thing I can tell you is that niceness can be confused with weakness, and that needs clarification early on in your journey. You see, my recent devotion to the economics of healthcare was prompted by the knowledge that you will be treating much larger quantities of patients for less reimbursement. Consequently, new streams of funding will be imperative. For example, the annual amount of discretionary healthcare dollars spent on integrative and holistic medicine is well into the double-digit billions of dollars. Logic would tell you that at least a percentage of these dollars could be spent at your facilities. The downside is that your patients have not been used to paying cash for anything except co-pays, but the reality is that “they will pay,” if the service is meaningful, helpful, and healing; money simply becomes a way to get them there.
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Healing Hospitals:The Financial Picture
Healing Hospitals = Profitable Hospitals
Copyright © 2010, Nick Jacobs, FACHE HealingHospitals.com
Healing Hospitals:Hospital-Wide Nosocomial Infection Rate
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Average rate for 2004-2007 = 0.96 % i.e., less than 1%
Copyright © 2010, Nick Jacobs, FACHE HealingHospitals.com
Healing Hospitals:Mortality Comparisonby Hospital
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“HH” (Nick Jacobs’ Planetree®-affiliated healing hospital) had the lowest mortality rate of 0.8%, compared to 8 peer hospitals, all above 1%.
Risk-adjusted index is statistically significant at a confidence level of 95%
Copyright © 2010, Nick Jacobs, FACHE HealingHospitals.com
Healing Hospitals:Contact Nick Jacobs
Copyright © 2010, Nick Jacobs, FACHE HealingHospitals.com
For more information:
F. Nicholas Jacobs, FACHE100 Anderson St.Suite #124Pittsburgh, PA 15212Voice: (412) 992-6197
[email protected]@sunstoneconsulting.com
blog.HealingHospitals.com @NickJacobs
